Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1817

Deal #1817 Version #55638

Sierra Leone

Created at

2013-02-15

Last update

2021-07-26

Last full update

2024-05-27

Land area

Intended size

5 058 ha

Size under contract (leased or purchased area)

[2011] 800.0 ha
[2019, current] 11339.0 ha

Size in operation (production)

[2019, current] 2424.0 ha

Comment on land area

30,000ha smallholder oil palm planting, 800 ha plantation. The company has committed $18.3 million to expanding its existing operations. $3.3 million to meet current expenditure and mitigate the economic impact of Ebola. The remaining $15 million will fund an expansion programme- extending the company’s plantations, doubling the size of its dedicated palm oil mill and building a tank farm. The company aims to have 5058ha under production by 2020. Grain report claims the concession size is 11339 ha with 2,424ha under oil palm plantations. Phatisa impact case study mentions 5,000ha lease. The concession map has a total sum of 2,207ha.

Intention of investment

[current] Agriculture unspecified

Nature of the deal

Lease

Comment on nature of the deal

Project will be implementation over ten years (it is not clear whether this is the lease period).

Negotiation status

[2011] Intended (Memorandum of understanding)
[2011, current] Concluded (Contract signed)

Comment on negotiation status

MoU signed with SL government

Implementation status

[2013, current] In operation (production)

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

30000.0 ha 9000
[2019, current] 10000

Comment on contract farming

Contract states estimated number of contract farmers are 8000 however other company records and research reports state 9000 farmers. Following the merger,Goldtree supports close to 10,000 outgrowers who own their land and care for their oil palms.